Accounting 1 Semester 1 Final Exam Review Practice True/False Indicate whether the sentence or statement is true or false. ____ ____ ____ ____ ____ ____ ____ ____ ____ 1. Accounting is the language of business. 2. The relationship among assets‚ liabilities‚ and owner’s equity can be written as an equation. 3. The accounting equation does not have to be in balance to be correct. 4. A business that performs an activity for a fee is a service business. 5. The amount in an account is an account balance
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John Q movie This movie is about John Quincy Archibald (played by Denzel Washington) and his working class family who lived in Chicago. His son is diagnosed with cardiomegaly and he needs a heart transplant. He realized that his insurance does not cover the medical expenses and he decides to takes matter in his own hands. John and his wife Denise (played by Kimberly Elise) worked in factories‚ but the money they made was not enough. Denise had her car repossessed and John had to take her to work
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Markets Chapter objectives 1. Explain market segmentation‚ and identify several possible bases for segmenting markets. 2. Distinguish between the requirements for effective segmentation: measurability‚ accessibility‚ substantiality‚ actionability. 3. Outline the process of evaluating market segments and suggest some methods for selecting market segments. 4. Illustrate the concept of positioning for competitive advantage by offering specific examples. 5. 1. Organisations that sell to consumer
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Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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Introduction: The basic objective of accounting is to provide information that is useful in making business and economic decisions. What makes accounting information useful for decision-making? The answer is however the accounting information confirms to the qualities that should be possessed by the financial and cost & Managerial reporting. In view and addition to this‚ the importance of strategic cost management and costing techniques like Activity based costing should not be underestimated. This
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Principles of Macroeconomics‚ 9e - TB1 (Case/Fair/Oster) Chapter 1 The Scope and Method of Economics 1.1 Why Study Economics? 1 Multiple Choice 1) Which of the following is NOT listed in the book as a reason to study economics? A) to learn a way of thinking B) to understand society and global affairs C) to be an informed voter D) to learn how to make lots of money Answer: D Diff: 1 Topic: Why Study Economics
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Dore-Dore (Q&A) 1. What is Dore-Dore’s motivation to converting to cells? Should the company continue with its plans for complete implementation of cells in children knit wear? If not‚ which knitwear products are best made in cells? Here are the main advantages found converting to cell. * Reducing the throughput time was the main motivation for converting to cells. For Dore-Dore‚ 3 weeks to 1 day * Defect fixing was local‚ reducing the cost of defect fixing a lot. In Dore-Dore
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The principles of effective communication work the same way for children and adults alike. The people who you work with and support‚ should be made to feel comfortable and at ease in your company‚ not feeling this way may make adults less confident to approach you and children to feel insecure and unsure‚ not feeling they can approach you to told to you. Your body language and facial expressions can discourage effective communicate as it may be seen as being negative and possibly resulting in communications
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later due to significant market value shrink of Poor Son. After that‚ the bankruptcy court reopened the bidding process and recommended Parent’s plan of reorganization in August 2010. Finally‚ Parent received final confirmation of Poor Son’s plan. 1. Does Parent’s purchase of a legal subsidiary in bankruptcy qualify as a business combination under ASC 805? According to ASC 805-10-20‚ the definition of business combination is “a transaction or other event in which an acquirer obtains control of
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Unit # 1 – Accounting and Finance 1. A convertible bond is one which a. can be exchanged for shares of stock b. may be called ahead of maturity date by the issuer c. has a maturity less than 90 days d. makes no coupon payments and is initially priced at a deep discount 2. The Statement of Cash Flows addresses a. assets‚ liabilities‚ and equity b. dividends and retained earnings c. operating‚ investing‚ and financing activities d. working capital and float 3. The cash flow for three
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